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Dial a Deal: RIL to buy up to 67% stake in Justdial SECTIONS Share Synopsis Just Dial will also be making a preferential allotment to Reliance Retail at Rs 1022.25 share to infuse Rs 2164.88 crore into the company, or around 25.33 percent stake and capitalise its operations and take on competition. Reliance Retail announced its second largest acquisition till date, buying a controlling 67% stake in Just Dial for around $700 million or Rs 5222.8 crore on Friday, to double down on local commerce and payments foray, capitalising on the 30.4 million listings database of the home grown search pro...

Synopsis Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today. Reliance in advance talks to buy Justdial, formal announcement likely on July 16 Even as the Future Group buyout remains caught in legal crosshairs with Amazon, Asia’s richest man Mukesh Ambani is making a move on his next strategic target. Ambani’s telecom to petrochemicals conglomerate, is in advance negotiations to buy Just Dial (JD) from its founding promoters in a $800-$900 million transaction, said multiple sources aware. The transact...